Common use of General Transferability Clause in Contracts

General Transferability. Except as otherwise expressly provided herein, upon compliance with any applicable requirements under the Securities Act and the laws, regulations and orders of and/or administered by each State PUC (to the extent failure to so comply could reasonably be expected to have or cause a material adverse effect on the operations of Company) or the FCC, then the Warrants, the corresponding Warrant Certificates and the Warrant Shares may be transferred by a Holder from time to time in whole or in part upon complying with the applicable restrictions under this Section (but without the necessity of otherwise obtaining any consent of Company).

Appears in 5 contracts

Samples: Warrant Agreement (Bizness Online Com), Warrant Agreement (Bizness Online Com), Warrant Agreement (Bizness Online Com)

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General Transferability. Except as otherwise expressly provided herein, upon UPON compliance with any applicable requirements under the Securities Act and the laws, regulations and orders of and/or administered by each State Commission, including, without limitation, any State PUC (to the extent failure to so comply could would reasonably be expected to have or cause a material adverse effect on the operations of CompanyMaterial Adverse Effect) or the FCC, then THEN the Warrants, the corresponding Warrant Certificates and the Warrant Shares may be transferred by a Holder from time to time in whole or in part upon complying with the applicable restrictions under this Section (but without BUT WITHOUT the necessity of otherwise obtaining any consent of the Company). The Company shall cooperate with the Holders and use its best efforts to comply with any such applicable requirements in order to permit a Holder to effect a transfer pursuant to this SECTION 6.3(a).

Appears in 1 contract

Samples: Preferred Stock and Warrant Purchase Agreement (Bizness Online Com)

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General Transferability. Except as otherwise expressly provided herein, upon compliance with any applicable requirements under the Securities Act and the laws, regulations and orders of and/or administered by each State Commission, including, without limitation, any State PUC (to the extent failure to so comply could would reasonably be expected to have or cause a material adverse effect on the operations of CompanyMaterial Adverse Effect) or the FCC, then the Warrants, the corresponding Warrant Certificates and the Warrant Shares may be transferred by a Holder from time to time in whole or in part upon complying with the applicable restrictions under this Section (but without the necessity of otherwise obtaining any consent of the Company). The Company shall cooperate with the Holders and use its best efforts to comply with any such applicable requirements in order to permit a Holder to effect a transfer pursuant to this Section 6.3(a).

Appears in 1 contract

Samples: Warrant Purchase Agreement (MCG Finance Corp)

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